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Updated 21:26 19/02/20

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Soros predicts the break up off Europe and a quick end to Theresa May


Duncan Richardson, News Editor
20 Jan 2017, 10:59 a.m.

No one is more pessimistic right now than multi-billionaire financier George Soros. Soros believes that Donald Trump is a would-be dictator, the EU is in the process of breaking up and Theresa May is on borrowed time as UK Prime Minister.

Soros is famous for breaking the BoE in 1992, when he successfully shorted sterling and made a staggering £1.5bn. The financier believes that Theresa May is fighting a losing battle with half her cabinet strongly opposing Brexit.

Soros is also hypercritical of President-Elect Donald Trump and believes that his policies will fail because his ideas are self-contradictory.

The banker is also pessimistic over China, claiming that the Asian giant is at an important juncture and must decide if they want to become more open and free or continue to be a closed communist state.

Despite having a net worth of $24.9 billion, Soros is not always on the money. The hedge fund manager lost a reported $1 billion after the stock market rallied following Trump's election to the White House.

View original source at: www.bloomberg.com

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